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charter oak acc102 week 5 test part 1

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Question;?;1. Examples;of value-adding activities include all of the following except;Answer;?;Question 2;5 out of 5 points;2. Target costing is;directed toward;Answer;?;Question 3;5 out of 5 points;3. Which of the;following is not a prevention cost?.;Answer;?;Question 4;5 out of 5 points;4. All of the;following are components of the value chain except;Answer;?;Question 5;5 out of 5 points;5. An effective JIT;system will include;Answer;?;Question 6;5 out of 5 points;6. Which of the;following are considered value added activities by a manufacturer of;chocolate candies?;Answer;?;Question 7;5 out of 5 points;Use the following to answer questions 7-9;Tech Products, Inc. is interested in producing;and selling an improved widget. Market;research indicates that customers would be willing to pay $95 for such a;widget and that 50,000 units could be sold each year at this price. The current cost to produce the;widget is estimated to be $60.;7. Refer to the;information above. If Tech Products requires a 25% return on sales to;undertake production, what is the target cost for the new widget?;Answer;?;Question 8;5 out of 5 points;8. Refer to the;information above. Tech has learned that a competitor plans to introduce a;similar widget at a price of $85. If;Tech requires a 25% return on sales, what is the target cost for the new;widget?;Answer;?;Question 9;5 out of 5 points;9. Refer to the;information above. At a price of $85, Tech's market research indicates that;it can sell 40,000 units per year. Assuming;Tech can reach its new target cost, how will Tech's profit at the $85 price;compare to what it would have earned in the absence of the competitor's;product?;Answer;?;Question 10;5 out of 5 points;10. The manufacturing efficiency ratio equals;Answer;?;Question 11;5 out of 5 points;11. The following are all characteristics of;target costing EXCEPT;Answer;?;Question 12;5 out of 5 points;12. External failure costs include;Answer;?;Question 13;5 out of 5 points;Refer to the following to answer questions 13 -;15;Company X has developed a new light for lighting swimming pools. After;doing market research, they have determined that customers would be willing;to pay $140 for this light. Company X seeks to earn 25% profit on the light.;At present Company X makes a similar style light for $101.25 which sells for;$130.;13. What must the target cost be in order to earn the 25% profit the;company demands?;Answer;?;Question 14;0 out of 5 points;14. If Company X can adjust their costs to the;target cost, they estimate that they can sell 50,000 lights. What would their;profit be at this point?;Answer;?;Question 15;5 out of 5 points;15. How many of the old style lights would they;have to sell to reach the same profit?;Answer

 

Paper#42619 | Written in 18-Jul-2015

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